AAC Holdings, Inc. (NYSE:AAC) Director W Larry Cash purchased 12,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of $9.93 per share, for a total transaction of $119,160.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $148,950. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of AAC Holdings, Inc. (AAC) traded down $0.13 during mid-day trading on Friday, hitting $9.82. The stock had a trading volume of 142,094 shares, compared to its average volume of 193,438. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $233.05, a PE ratio of 15.63 and a beta of 1.87. AAC Holdings, Inc. has a 12 month low of $5.99 and a 12 month high of $13.06.
AAC Holdings (NYSE:AAC) last announced its earnings results on Wednesday, November 1st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $80.42 million for the quarter, compared to analysts’ expectations of $74.49 million. AAC Holdings had a positive return on equity of 9.64% and a negative net margin of 0.42%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. equities research analysts forecast that AAC Holdings, Inc. will post 0.54 earnings per share for the current year.
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A number of analysts have weighed in on AAC shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $14.00 price target (up from $11.00) on shares of AAC Holdings in a research report on Wednesday, September 13th. Zacks Investment Research cut AAC Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. UBS AG upgraded AAC Holdings from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial, Inc. upgraded AAC Holdings from a “mkt perform” rating to an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.00.
A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in AAC Holdings by 15.8% in the third quarter. Sterling Capital Management LLC now owns 120,869 shares of the company’s stock valued at $1,200,000 after acquiring an additional 16,484 shares during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in AAC Holdings by 17.5% in the third quarter. Woodmont Investment Counsel LLC now owns 53,144 shares of the company’s stock valued at $528,000 after acquiring an additional 7,918 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in AAC Holdings in the third quarter valued at about $456,000. EAM Investors LLC bought a new position in AAC Holdings in the third quarter valued at about $1,977,000. Finally, California State Teachers Retirement System boosted its holdings in AAC Holdings by 1.5% in the second quarter. California State Teachers Retirement System now owns 20,291 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.
AAC Holdings Company Profile
AAC Holdings, Inc is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.
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